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Backpack Launches 24/7 Trading For Select U.S. Stocks Through Blockchain Infrastructure

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Backpack Launches 24/7 Trading For Select U.S. Stocks Through Blockchain Infrastructure
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Backpack, a crypto exchange, now lets international investors trade select U.S. stocks at any time, day or night. Unlike other crypto stock products that just track prices, Backpack says its platform gives users real ownership of shares. At launch, the service covers companies like SpaceX, Micron, and SanDisk, and lets users turn their holdings into tokenized assets on the Solana blockchain.

This launch moves closer to ending the time limits that have long shaped stock trading. Crypto markets run nonstop, but stock exchanges usually close at night and on weekends. Backpack thinks investors should be able to respond to global events as they happen, without waiting for Wall Street to open.

Backpack says its platform blends traditional brokerage systems with blockchain technology. Investors can switch between regulated securities and their tokenized versions one-for-one. After tokenization, these assets can move on-chain and might be used in decentralized finance apps.

Backpack says its service provides ongoing price updates, instant settlement, and liquidity linked to traditional markets. Still, the company has not explained how trading works when U.S. exchanges are closed, or who supplies liquidity and handles weekend orders.

CEO Armani Ferrante said financial markets are moving toward nonstop trading because global capital is always in motion. He also noted that investors now expect financial systems to run 24/7, similar to blockchain networks.

This year, Backpack also launched Backpack Securities, a regulated brokerage that links traditional financial markets with blockchain settlement. The company says its platform now serves users in over 150 countries and has handled more than $450 billion in trades.

This launch happens as more companies show interest in tokenized stocks. Many are rolling out blockchain-based versions of stocks and ETFs, but Backpack stands out by offering nonstop trading and direct ownership of regulated securities. The move shows the industry’s push to modernize capital markets by blending traditional finance with blockchain.

 

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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